~BACON SELLS FOR $142.4 MILLION / ORANGE DOG GETS $58.4
that’s over $50 MILLION more than the ‘starting’ price !!
FRANCIS BACON ‘THREE STUDIES’ IMAGE: CHRISTIE’S
I still think it’s a total wash as a painting, but huge bucks flying .. at the auctions is always .. good. the buyer, bidding by telephone .. remains “anonymous”.
and apparently fly they did.
with the WALL STREET JOURNAL reporting that: “Christie’s total easily met the auction houses own $500 million expectations, with collectors in designer suits and fur coats chasing nearly everything on offer – and applauding and whopping on occasion.”
most interesting tidbit to come out so far:
“Connecticut paper magnate PETER BRANT scored big selling off JEFF KOON’S shiny, shipping container-size replica of an orange balloon animal to another telephone bidder for $58.4 million — making Mr. Koons the priciest living artist at auction. The sculpture, ‘Balloon Dog (Orange)’ was priced to sell for $35 million to $55 million”.
see: Bacon sells for $142.4 Million .. WALL STREET JOURNAL
JEFF KOONS – ‘BALLOON DOG (ORANGE)’ IMAGE: HOLLYWOOD REPORTER
the free standing sculpture stands 12 ft. high and is made of stainless steel.
it is one in a series of 5, with the other colors in the series, yellow, blue, magenta, and red owned by financier collectors STEVEN A. COHEN, ELI BROAD, FRANCOIS PINAULT and DAKIS JOANNU.
see: HOLLYWOOD REPORTER